Weekly Digest – 18 October 2023

Weekly Digest – 18 October 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.

What will new Government mean for the economy?

A lower-spending National/ACT Government may help to moderate inflation but no one should expect it to provide a magic potion for the economy, economists say.

Confidence in housing market up, ASB survey shows

Confidence in the housing market is perking up, with more people believing house prices are now past their lows and are set to increase, according to a new ASB survey.

The future of New Zealand’s biotech sector hangs in the balance, is there still time to save it?

Industry leaders for the biotech sector say New Zealand is sitting precariously on the edge of a precipice, and if we don’t take real action, and soon, we’ll be completely left behind on the global stage. Dr Zahra Champion, Executive Director of BioTechNZ, is urging the next Government to prioritise biotech as we move into a critical phase of now or never.

MIA keeps a close eye on new EU greenwashing rules

New Zealand exporters are watching closely as Europe works on tightening up the green credential claims made by manufacturers. The Meat Industry Association’s chief executive, Sirma Karapeeva, said the European Union’s so-called Green Directive appears to be designed to offer consumer protection rather than introduce a trade requirement.

These tips can help Gen Z avoid online financial scams

When you think of those most likely to get scammed online, what kind of person comes to mind? You might automatically think of Baby Boomers, many of whom are above 60 and are typically not as tech-savvy as younger generations. But that stereotype is wrong. Members of Generation Z are more than three times as likely as Boomers to have fallen for an online scam in the past year, according to a new report from consultancy Deloitte.

Meat the Need staffs up with GM

Zellera Holden has been appointed general manager of the farmer charity Meat the Need. Meat the Need helps feed New Zealanders in need by providing the means for farmers to donate livestock and milk through its processors, which is then given to over 110 food banks across the country.

Time to review your customer contracts

Unsure about whether your contracts comply with the Fair Trading Act? Learn about your obligations, especially before you head into the peak trading period.

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